Euronet Introduces Security Solution

Euronet Worldwide has introduced “Euronet
Monitoring Utilities” (EMU), designed to monitor financial
transactions. It is integrated with the corporations’ core processing
engine, “Integrated Transaction Management” (ITM) and is a configurable
tool allowing institutions to customize the level of monitoring
required for most aspects of their transaction processing system.
Monitoring is conducted using interface such as ATMs, the ITM
processing engine, the processing server and their network connection.
If fraud is detected, a break message or email is sent so the proper
measures are taken to address the issue. The Solution also provides
information filtering, user permissions, and task management. Euronet’s
Software Division has 300 client installations in over 60 countries.

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March Charge-Offs Hit a 14-Month High

Charge-offs, among “prime” credit card-backed securities, resumed its upward path in March hitting a new fourteen month high. Although the figure is only five basis points above January’s peak, it is 126 basis points above the year-ago level. The 60+ day delinquency ratio, which is an indicator of future charge-offs, also rose by three basis points in March to a new high since late 2005. According to FitchRatings, “prime” charge-offs for March were 4.36% compared to 4.13% in the prior month and 3.10% for March 2006. The “prime” 60-plus day delinquency index for March was 2.69%, compared to 2.66% in February. Fitch also reported that “sub-prime” 60+ day late payments decreased by eight basis points in March to 5.27%. “Sub-Prime” charge-offs also decreased 80 bps to 8.73%. Fitch says the recent decreases in sub-prime charge-offs can be attributed to the normalization of the delinquency bubble caused by changes made to the minimum payment calculation per OCC guidance.

ABS PRIME CHARGE-OFFS HISTORICAL
Mar 06: 3.10%
Apr 06: 3.19%
May 06: 3.58%
Jun 06: 3.58%
Jul 06: 3.44%
Aug 06: 3.94%
Sep 06: 3.88%
Oct 06: 3.78%
Nov 06: 3.88%
Dec 06: 4.21%
Jan 07: 4.31%
Feb 07: 4.13%
Mar 07: 4.36%
Source: FitchRatings

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Imperial Oil to Accept Wright Express Cards

Wright Express Corporation has signed an acceptance agreement enabling
their customers to use the “Wright Express Fleet Card” at all Imperial Oil
Limited Essos throughout Canada. This gives the card broader acceptance
in addition to the 180,000 North American fuel and maintenance locations
already in the Wright Express network. Imperial Oil is sold coast-to-coast
through a supply network including nearly 2,000 retail outlets. Also, the
company distributes more than 700 products through about 295 commercial
bulk plants and 30 distribution terminals. Wright Express offers payment
processing and information management for approximately 295,000
commercial and government fleets containing 4.3 million vehicles.

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IP Merchant Solutions Expands MegaPath’s VPN

MegaPath has partnered with IP Merchant Solutions to expand MegaPath’s “StoreConnect Virtual Private Network” service for delivery of credit/debit, automatic teller machine, prepaid calling card, check and money order transactions to more than 25 processors. IPMS maintains redundant gateways between the MegaPath network and over 25 processors. It also converts legacy serial and dial-up POS terminals and other devices, like fuel tank monitoring systems, to IP so that this traffic can be transmitted across the MegaPath network enabling retailers to reduce costs and increase revenues by removing phone lines, adding new applications and simplifying the management of multiple processors. IP Merchant Solutions provides retail companies with credit card processing and authorization solutions. MegaPath is a provider of managed IP communications services.

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Barclaycard Plans an Environmental Card

Barclaycard has announced that it will introduce “The Barclaycard
Breathe” credit card that donates 50% of profits to reducing carbon
emissions around the world. As part of ‘We’re In This Together’
campaign, the “Breathe” card will also offer discounts and lower rates
on environmentally-friendly products, will utilize recycled plastic for the
cards, and provide online account statements only. The donations from
the new card will be made to an independent third party to allocate
funds to the appropriate government-approved projects.

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ExxonMobil to Market the TIO PP MasterCard

ExxonMobil, along with TIO Networks and NetSpend have launched the “TIO Prepaid MasterCard” at participating Exxon and Mobil convenience store locations. Consumers will be able to use TIO’s automated self-serve kiosks to instantly activate the card and load it with funds. Cardholders can load funds onto their “TIO Prepaid MasterCard” at NetSpend authorized reload locations across the country and maintain up to a $5,000 balance. The card features include free Direct Deposit, free “Anytime Alerts” with balance and transaction details sent to a cardholder’s e-mail or cell phone. TIO will support cardholders with a dedicated online portal. The card is issued by MetaBank.

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E-Monee Completes ATM Deploy

E-Monee.com has announced the completion of General Packet Radio
Service (GPRS) ATM deployment in Dubai. Utilizing either Asymmetric
Digital Subscriber Lines (ADSL) or Integrated Services Digital Network
(ISDN), E-Monee can operate ATMs in areas where land
telecommunication options are not yet available. Allowing on-demand
temporary ATMs and mobile deployment, this development is
significant considering the scarcity of land lines in the rapidly expanding
region. E-Monee integrates technology and global telecommunications
with banking.

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Heartland Payment Systems Profits Up 56%

NJ-based Heartland Payment Systems reported that total revenues for the first quarter were up 20% to $284 million. Net income for the quarter jumped 56% to $6.9 million. Processing volume for the first quarter increased 21% to $11.2 billion from the same period in 2006. The Company’s active merchant count rose to 144,000 at March 31st, a 21% increase over the past twelve months. Same store sales at its installed base rose 3.4% during the quarter. Heartland noted that 81% of new merchants installed during 1Q/07 and 71% of total transactions during 1Q/07 were on “HPS Exchange.” The Company reaffirmed its 2007 full year guidance with net revenue (total revenues less interchange, dues and assessments) expected to grow between 21% and 23%. For complete details on Heartland Payment Systems’ first quarter performance visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

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GCA Adds 23 More Arriva Card Locations

Twenty-three additional casinos and gaming properties have signed agreements for cash access services from Global Cash Access. They include AmericaTab, Ltd, Grove City, OH; Casino Kura Hulanda, Tuolumne, CA; Cheerleaders, Las Vegas, NV; French Lick Resort Casino, French Lick, IN; Golden Pony,Okemah, OK; Island View Casino Resort, Gulfport, MS; Otoe-Missouria Tribal Plaza – New Kirk, OK; River Cree Resort & Casino, Alberta, Canada; Big Rock Casino and Bowl, Espanola, NM; Casino Aztar, Evansville, IN; Casino Express, Casa Blanca, NM; Cimarron Casino, Perkins, OK; Cliff Castle Casino, Camp Verde, AZ; Dawn Beach Casino, St. Maarten, Netherland Antilles; Gulfstream Park, Hallandale Beach, FLKiowa Casino, Devol, OK; Loews Lake Las Vegas, Henderson, NV; Norwegian Pearl, Miami, FL; Palm Beach Princess, Riviera Beach, FL; Presque Isle Downs, Erie, PA; Tropicana Las Vegas, Las Vegas, NV; Shooting Star Casino, Mahnomen, MN and Camrose Casino, Alberta, Canada join more than 1,000 casinos and other gaming properties around the world that rely on GCA’s comprehensive set of cash access products and services. Global Cash Access Holdings is a provider of cash access products and related services to over 1,000 casinos and other gaming properties.

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ADP Extends the VISA Payroll Card Deal

VISA has signed a five-year agreement with ADP Employer Services to exclusively market “VISA Payroll” cards to its corporate partners. ADP serves approximately 550,000 clients. The VISA-branded “ADP Total Pay” card is already issued by a number of VISA member financial institutions. According to VISA estimates, approximately 80 million people in the U.S. lack a bank account or access to a payment card. VISA also estimates this audience receives approximately $1 trillion in annual income and relies heavily on cash for everyday transactions. ADP Employer Services pays 1-in-6 U.S. workers. According to the American Payroll Association, four million paychecks are lost or stolen annually.

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Discover Network Adds Another Card Issuer

MO-based Heartland Bank has become the newest issuer of “Discover Network Cards.” The new card will feature Discover’s new “Perks Everyday” points-based rewards program. In honor of Heartland Bank’s 120th anniversary, cardholders will also receive one entry into the “120-Year Celebration Promotion” with each purchase made with their Heartland Bank Discover Network Card during the remainder of 2007. One lucky winner will win 120,000 “Heartland Discover Network Rewards Points” to be credited to their account. Other Discover network issuers include: Alliance Data, First Bank & Trust, Morgan Beaumont, West Suburban Bancorp, Palm Desert National Bank, HSBC Bank Nevada, affiliates of GE Consumer Finance, and CompuCredit. Discover Card has more than 50 million cardholders and over 4 million merchant and cash access locations in the USA. (CF Library 6/14/06)

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28% of Small Merchants Offer Gift Cards

New research shows that gift card penetration among retail stores, mail/telephone orders, hotels and restaurants in the U.S. and Canada has surged from 2% in 2003 to 28% this year. The research, based on merchants with less than $10 million in annual sales, showed that use of closed loop or single purpose gift cards was most prevalent in restaurants. In the U.S. 57% of restaurants offer gift cards, compared to only 13% of retail stores in the same peer group. The study by First Annapolis found that in Canada 29% of the peer group retail stores offered gift cards. About 20% of hotels offered such cards in the U.S., compared to 13% in Canada.

CLOSED LOOP GIFT CARDS
(Merchants less than $10MM in Annual Sales)
U.S. CANADA
Retail 13% 29%
MOTO 25% 9%
Hotels 20% 13%
Restaurants 57% 53%
Source: First Annapolis

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